Microsoft, Nintendo, Sony say China tariffs will cost shoppers $840M this holiday season

American businesses are telling the Trump administration that an escalating trade war with China will hurt the U.S. economy. This comes as public hearings are being held to consider extending the 25% tariffs to practically all Chinese imports. Tariffs on imports from China could price one-fourth of U.S. families out of the market to buy a video game system this holiday season, game console makers say. Microsoft, Nintendo and Sony, in a letter to the U.S. Trade Representative's Office dated June 17, wrote that tariffs could price an Xbox, Switch or PlayStation "out of reach for many American families." Those shoppers who do buy a new game system will collectively pay $840 million more this holiday season than they would have had tariffs not been imposed, the companies say, citing a study from the independent economic group Trade Partnership for the Consumer Technology Association.